Last chance to get a green card (EB-5) for $500,000 before November 21
Starting November 21, 2019, new EB-5 regulations will take effect. The minimum investment amount will increase from $1 million to $1.8 million and from $500,000 to $900,000 for investments in commercial enterprises located in a Targeted Employment Area (“TEA”) . The investment amount will be adjusted every 5 years based on inflation. In addition, the USCIS will no longer defer to TEA designations made by state and local governments and will directly review and determine the designation of high-unemployment TEA. TEA areas are areas that have experienced an average unemployment rate of at least 150% of the national average unemployment rate. TEA will now consist of a combination of census tracts that include the tract or contiguous tracts in which the new commercial enterprise is principally doing business, including any or all directly adjacent tracts. Further, under the new rule, in certain circumstances, USCIS will allow certain petitioners to retain the priority date of a previously approved I-526 petition. These new rules will apply to petitions filed starting November 21, 2019.
If you are considering, apply for a green card based on investment, call EB-5 investment attorney Irena Juras at 480 425 2009 to schedule a consultation.